Japanese game company SNK Corporationwas sold to a firm affiliated with the Saudi crown prince’s foundation. Mohammed bin Salman Foundation (MiSK Foundation), Electronic Gaming Development Company (EGDC), announced that it has acquired 96.18 percent of SNK.
Metal Slug and Fatal Fury Known for its famous games such as SNK Corporation, it will now operate almost entirely under the Mohammed bin Salman Foundation. EGDC, which is under the control of MiSK Foundation, continues to grow noticeably in the gaming world.
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EGDC affiliated with Salman Foundation acquires SNK Corporation
An interesting move came for SNK from Electronic Gaming Development Company, which is owned by the Mohammed bin Salman Foundation. Game studio SNKaccording to the latest company report shared on its website, has been acquired by Saudi Arabia.
In fact, the collaboration between SNK and MiSK Foundation dates back almost two years. EGDC, in an announcement made in November 2020 SNK bought 33.3 percent of its shares. and announced that they would grow strategically.
The strategic growth expectation at that time was to purchase 51 percent of the shares belonging to SNK, but MiSK Foundation seems to have made the big purchase already.
To Mohammed bin Salman Thanks to this investment, the statement from the foundation that belongs to Saudi youth It was stated that the way for him to take an active role in the game world would be opened.
Lately What Saudi Arabia has done to the gaming world investments does not go unnoticed. Previously, both the Saudi Arabian Public Investment Fund (PIF) Capcom as well as Nexon We knew he was a shareholder. Also PIF; Activision Blizzard, EA and Take-Two launched a $3.3 billion investment fund to buy shares in companies such as
So how do you interpret this agreement between EGDC and SNK Corporation, owned by Mohammed bin Salman? Don’t forget to share your feedback with us on the SDN Forum or in the comments.